Novo Nordisk A/S (TSX:NOVO)

Novo Nordisk Ratios and Metrics

Market cap in millions CAD. Fiscal year is January - December.

Total Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 6, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Capitalization	233,031	311,529	553,744	609,536	412,016	324,220
Market Cap Growth	-36.90%	-43.74%	-9.15%	47.94%	27.08%	56.93%
Enterprise Value	253,421	326,323	550,167	605,412	409,779	320,030
Last Close Price	16.24	20.31	-	-	-	-

Price Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 6, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	9.21	14.11	27.45	37.19	38.16	35.07
PS Ratio	3.26	4.68	9.55	13.40	11.97	11.90
PB Ratio	4.85	7.45	19.32	29.21	25.38	23.68
P/TBV Ratio	10.81	22.58	84.87	67.43	65.10	60.74
P/FCF Ratio	14.14	24.51	37.56	37.45	31.75	34.42
P/OCF Ratio	8.13	12.13	22.92	28.58	26.86	30.45

EV Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 6, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
EV/Sales Ratio	3.59	4.90	9.49	13.31	11.91	11.74
EV/EBITDA Ratio	6.74	9.88	18.91	27.92	25.98	25.93
EV/EBIT Ratio	7.32	10.77	19.83	29.53	27.87	27.92
EV/FCF Ratio	15.38	25.68	37.32	37.20	31.57	33.97

Financial Efficiency

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 6, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Debt / Equity Ratio	0.63	0.68	0.72	0.25	0.31	0.38
Debt / EBITDA Ratio	0.80	0.85	0.70	0.24	0.31	0.41
Debt / FCF Ratio	1.85	2.22	1.39	0.33	0.39	0.55
Net Debt / Equity Ratio	0.43	0.54	0.53	-0.03	0.03	0.13
Net Debt / EBITDA Ratio	0.55	0.68	0.53	-0.03	0.03	0.14
Net Debt / FCF Ratio	1.25	1.76	1.04	-0.04	0.03	0.19
Asset Turnover	0.61	0.61	0.75	0.84	0.81	0.83
Inventory Turnover	1.22	1.20	1.20	1.26	1.29	1.24
Quick Ratio	0.64	0.54	0.53	0.62	0.67	0.65
Current Ratio	0.87	0.80	0.74	0.82	0.90	0.86
Return on Equity (ROE)	59.81%	60.70%	80.77%	88.07%	72.00%	71.24%
Return on Assets (ROA)	18.73%	17.43%	22.26%	23.55%	21.69%	21.81%
Return on Invested Capital (ROIC)	39.22%	42.60%	68.23%	88.56%	73.42%	67.98%
Return on Capital Employed (ROCE)	45.40%	43.00%	56.00%	72.30%	62.80%	62.30%

Yields

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 6, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Earnings Yield	10.86%	7.09%	3.64%	2.69%	2.62%	2.85%
FCF Yield	7.07%	4.08%	2.66%	2.67%	3.15%	2.90%
Dividend Yield	4.27%	12.42%	-	-	-	-
Payout Ratio	44.64%	50.53%	43.71%	37.96%	45.57%	45.05%
Buyback Yield / Dilution	0.14%	0.34%	0.71%	1.10%	1.34%	1.58%
Total Shareholder Return	4.42%	12.76%	0.71%	1.10%	1.34%	1.58%

Data Source: S&P Global Market Intelligence Last updated: Aug 4, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Oct 6, 2026

Data Sources Report a data error